润建股份：筹划发行H股并赴港上市 11月26日，润建股份（002929）发布公告称，公司正筹划发行境外上市外资股（H股）并在香港联合交 易所上市。 资料显示，润建股份成立于2003年1月，主营业务是数字化智能运维、数字化解决方案的设计、提供、 研发。 所属行业：通信–通信服务–通信工程及服务 中复神鹰：股东拟减持不超过1%公司股份 11月26日，中复神鹰（688295）发布公告称，公司股东连云港鹰游纺机集团有限公司因自身经营需要， 计划自2025年12月17日起三个月内，通过集中竞价交易方式减持不超过900万股公司股份，即不超过总 股本的1%。 资料显示，中复神鹰成立于2006年3月，主营业务是碳纤维及其复合材料研发、生产和销售。 所属行业：基础化工–化学纤维–其他化学纤维 晨曦航空：控股股东拟减持不超过3%公司股份 11月26日，晨曦航空（300581）发布公告称，公司控股股东西安汇聚科技有限责任公司计划自公告发布 之日起15个交易日后的三个月内，通过集中竞价和大宗交易方式合计减持不超过公司总股本3%的股 份。 资料显示，晨曦航空成立于2000年2月，主营业务是研发、生产、销售航空机电产品及提供相关专业技 ...

AI浪潮催生庞大基建需求，为电力设备等行业带来强劲动力。继OpenAI 1.4万亿美元基础设施建设计划 后、由亚马逊支持的美国AI初创公司Anthropic近期也拟斥资500亿美元建造美国人工智能基础设施，其 中，电力供应环节为其重点关注方向。 西部证券研报指出，由于美国的产业空心化，事实上除了互联网和高端芯片外，AI链条上的绝大多数 产业均依赖外部进口。面对美国陈旧的电网系统以及落后的工业体系，数据中心相关的工业需求将进一 步渗透至中国。 电网设备ETF（159326）是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上看， 指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电设备 为主，拥有较强的代表性。特高压权重占比高达64%，全市场最高。前十大重仓股中囊括了国电南瑞、 特变电工、思源电气、特锐德等行业龙头。 11月26日午后，三大指数维持震荡态势，电网设备板块保持活跃。截至13:33，全市场唯一的电网设备 ETF（159326）翻红，涨幅0.22%，盘中交投活跃，实时成交额达1.48亿元，成分股电科院领涨，金盘 科技、电工合金、精达股份、东材科技、亨通光 ...

截至9月30日，宏发股份股东户数4.95万，较上期增加66.96%；人均流通股29476股，较上期减少 40.11%。2025年1月-9月，宏发股份实现营业收入129.14亿元，同比增长18.82%；归母净利润14.70亿 元，同比增长15.78%。 分红方面，宏发股份A股上市后累计派现29.87亿元。近三年，累计派现13.70亿元。 机构持仓方面，截止2025年9月30日，宏发股份十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股3.14亿股，相比上期增加1691.79万股。南方中证500ETF（510500）位居第六大流通股 东，持股1698.31万股，相比上期减少34.04万股。广发稳健增长混合A（270002）位居第十大流通股 东，持股895.89万股，相比上期减少304.12万股。国泰智能汽车股票A（001790）退出十大流通股东之 列。 资金流向方面，主力资金净流出751.95万元，特大单买入784.00万元，占比2.21%，卖出873.48万元，占 比2.46%；大单买入5123.97万元，占比14.46%，卖出5786.43万元，占比16.32%。 宏发股份今年以来股价涨29.82 ...

Core Viewpoint - Oriental Electronics has shown a mixed performance in stock price, with a year-to-date increase of 7.17% but a recent decline over the past five and twenty trading days [1] Group 1: Stock Performance - As of November 24, Oriental Electronics' stock price increased by 2.06%, reaching 11.39 CNY per share, with a trading volume of 1.03 billion CNY and a turnover rate of 0.68%, resulting in a total market capitalization of 15.271 billion CNY [1] - The stock has experienced a decline of 6.33% over the last five trading days and 5.16% over the last twenty trading days, while it has increased by 3.24% over the last sixty days [1] Group 2: Financial Performance - For the period from January to September 2025, Oriental Electronics reported a revenue of 5.165 billion CNY, reflecting a year-on-year growth of 11.53%, and a net profit attributable to shareholders of 495 million CNY, which is a 17.53% increase year-on-year [2] Group 3: Business Overview - Oriental Electronics, established on February 9, 1994, and listed on January 21, 1997, is based in Yantai, Shandong Province, and its main business includes electronic and communication equipment, power dispatching, industrial automation protection equipment, and other related services [2] - The company's revenue composition includes: 55.28% from smart power distribution, 13.51% from power transmission and transformation automation, 13.31% from dispatching and cloud services, 7.55% from industrial internet and smart manufacturing, 4.68% from renewable energy and storage, 3.73% from comprehensive energy and virtual power plants, 1.35% from leasing, and 0.60% from other sources [2] Group 4: Shareholder Information - As of September 30, 2025, Oriental Electronics had 68,800 shareholders, a decrease of 7.37% from the previous period, with an average of 19,474 circulating shares per shareholder, which is an increase of 7.96% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 31.558 million shares, an increase of 14.484 million shares from the previous period [3]

资料显示，北京四方继保自动化股份有限公司位于北京市海淀区上地信息产业基地四街9号，成立日期 1994年4月8日，上市日期2010年12月31日，公司主营业务涉及继电保护、电网自动化及发电厂自动化产 品的研发、生产、销售和技术服务。主营业务收入构成为：电厂及工业自动化49.82%，电网自动化 42.94%，其他7.09%，房屋租赁、技术服务、材料销售等0.15%。 四方股份所属申万行业为：电力设备-电网设备-电网自动化设备。所属概念板块包括：能源互联、电力 物联网、风能、太阳能、直流输电等。 11月24日，四方股份盘中上涨2.28%，截至10:34，报25.14元/股，成交2.74亿元，换手率1.34%，总市值 209.47亿元。 资金流向方面，主力资金净流入844.85万元，特大单买入1224.03万元，占比4.47%，卖出1067.55万元， 占比3.90%；大单买入6203.12万元，占比22.67%，卖出5514.76万元，占比20.16%。 四方股份今年以来股价涨54.80%，近5个交易日跌10.21%，近20日跌9.80%，近60日涨40.37%。 今年以来四方股份已经2次登上龙虎榜，最近一次登上龙 ...

Group 1 - The A-share market opened lower on November 21, with the only ETF tracking power grid equipment (159326) dropping by 3.23%, despite active trading with a transaction volume exceeding 1.1 billion yuan [1] - The power grid equipment ETF has experienced a phase of adjustment due to market conditions, but its long-term investment value remains unchanged, with a noticeable trend of low-position layout as it has seen a net inflow for six consecutive trading days, totaling over 300 million yuan, reaching a historical high of 1.916 billion yuan [1] - The AI-driven "electricity shortage" issue is significantly increasing residential electricity costs, with the largest U.S. grid operator, PJM, facing a decision-making dilemma regarding the rapid rise in residential electricity prices due to surging data center power consumption, warning of potential power shortages as early as 2027 [1] Group 2 - The power grid equipment ETF (159326) is the only ETF tracking the CSI Power Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment, where ultra-high voltage accounts for 64% of the index's weight, the highest in the market [2] - Current energy policies are frequently issued, driven by global electricity shortages and carbon reduction demands, creating abundant investment opportunities in clean energy and new grid construction over the next 3-5 years, with significant growth expected in energy storage, green hydrogen, and ammonia, alongside sustained high investment in wind, solar, and grid infrastructure [1]

Core Viewpoint - The A-share market is experiencing a positive trend, particularly in the electric grid equipment sector, with significant capital inflow into the electric grid equipment ETF, indicating strong investor interest and growth potential in this industry [1] Group 1: Market Performance - As of November 19, the three major A-share indices turned positive, with the electric grid equipment ETF (159326) narrowing its decline to 0.76% and achieving a trading volume of 1.76 billion yuan [1] - The electric grid equipment ETF has seen over 1.5 billion yuan in net inflows in the past month, bringing its total size to over 1.9 billion yuan, making it the largest electric grid equipment-themed ETF in the market [1] Group 2: Industry Outlook - According to CITIC Securities, global investment in electric grids is expected to exceed 400 billion USD, indicating sustained high demand in the sector [1] - The rise of AI is projected to significantly boost global electricity demand, leading to a marked increase in the demand for supporting electrical equipment [1] Group 3: ETF Composition - The electric grid equipment ETF (159326) is the only ETF tracking the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, communication cables, and distribution equipment [1] - The weight of ultra-high voltage components in the index is as high as 64%, the highest in the market [1]

Group 1 - The electric grid equipment sector is experiencing fluctuations, with the only electric grid equipment ETF (159326) down by 1.83% as of 14:07, while some component stocks like Shuangjie Electric and Ping An Electric are rising against the trend [1] - The electric grid equipment ETF has attracted significant capital, raising over 1.3 billion yuan in the last 10 trading days, reaching a total size of 1.915 billion yuan, a record high since its inception [1] - In October, 47 Chinese companies signed or completed overseas strategic cooperation agreements, with over 45 projects totaling approximately 69 GWh, indicating a rapid expansion of the electric power equipment industry overseas [1] Group 2 - The electric grid equipment ETF (159326) tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in the sectors of transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [2] - The ultra-high voltage sector holds a significant weight of 64% in the ETF, the highest in the market, with leading companies like Guodian NARI, Tebian Electric, and Siyuan Electric among the top ten holdings [2]

Core Viewpoint - The stock of Guodian NARI has experienced a decline of 5.81% year-to-date, with a notable drop of 7.20% over the past five trading days, indicating potential market concerns regarding its performance [1]. Company Overview - Guodian NARI Technology Co., Ltd. is located in Nanjing, Jiangsu Province, and was established on February 28, 2001. It was listed on October 16, 2003. The company specializes in power grid automation, industrial control (including rail transit), power generation and renewable energy, and energy conservation and environmental protection [1]. - The main business revenue composition includes: Smart Grid 50.43%, Low Carbon Energy 26.98%, Digital Energy Integration 16.09%, Industrial Interconnection 5.13%, Integration and Others 1.24%, and Other (Supplementary) 0.13% [1]. Financial Performance - For the period from January to September 2025, Guodian NARI achieved operating revenue of 38.577 billion yuan, representing a year-on-year growth of 19.38%. The net profit attributable to the parent company was 4.855 billion yuan, reflecting a year-on-year increase of 8.55% [2]. - Since its A-share listing, Guodian NARI has distributed a total of 24.308 billion yuan in dividends, with 12.674 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders of Guodian NARI reached 150,100, an increase of 49.47% compared to the previous period. The average circulating shares per person decreased by 33.09% to 53,271 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 777.2 million shares, a decrease of 318 million shares from the previous period. China Securities Finance Corporation remains unchanged with 237 million shares [3].

宏力达所属申万行业为：电力设备-电网设备-电网自动化设备。所属概念板块包括：专精特新、融资融 券、量子技术、短报文概念、能源互联等。 截至9月30日，宏力达股东户数1.08万，较上期增加34.25%；人均流通股12946股，较上期减少25.51%。 2025年1月-9月，宏力达实现营业收入4.75亿元，同比减少31.96%；归母净利润1.45亿元，同比减少 2.68%。 分红方面，宏力达A股上市后累计派现4.16亿元。近三年，累计派现1.92亿元。 责任编辑：小浪快报 11月18日，宏力达盘中上涨2.00%，截至13:07，报39.22元/股，成交7044.61万元，换手率1.31%，总市 值54.91亿元。 资金流向方面，主力资金净流入272.39万元，特大单买入105.86万元，占比1.50%，卖出0.00元，占比 0.00%；大单买入1779.73万元，占比25.26%，卖出1613.21万元，占比22.90%。 宏力达今年以来股价涨51.41%，近5个交易日涨5.54%，近20日涨8.10%，近60日涨41.59%。 今年以来宏力达已经1次登上龙虎榜，最近一次登上龙虎榜为9月22日，当日龙虎榜净买入7 ...